Breakwave Dry Bulk Shipping ETF (BDRY)

[JLmyhero]

No Two Stock Market Crashes Are the Same

The big or should I say HUGE difference between 07-09 and today is the action of TIP (treasury inflation protected bond) and it's long dated cousin LTPZ. On Friday LTPZ was up more than a mind numbing +12%. Using TIP (since LTPZ wasn't around in 07-09) Tips followed the market crash in stocks from mid-Sept to mid-October 08, as both were foretelling of a coming deflationary depression.

Back then QE and the power of the combined central bank printing presses was only theory. Today with MMT and the ability to send every man, woman, and child a million dollars a day, the thought of a deflationary depression is almost laughable.

Above my desk I have a Zimbabwe bank reserve note for the tidy sum of... one hundred trillion dollars, which adjusted down to about $.25 USD. Hyper-inflation erases debt. All debt that hasn't been adjusted to it. Student loans, mortgages, credit card, auto, and personal loans all go bye-bye in an instant.

Hard for file for bankruptcy (which is the anvil of a deflationary depression) when you have NO DEBT.

I mentioned last week I smelled a whiff of inflation, we'll this week it's noticeable stronger!